Stock Market & Financial Investment News

Piper says more confident in slight Apple dividend raiseAfter Apple CEO Tim Cook spoke at a conference, Piper Jaffray said it has greater confidence that the company will announce a slight dividend increase when reporting March quarter results. Further, Piper said it continues to expect Apple to introduce a cheaper iPhone, likely in the September quarter. The firm has an Overweight rating on the stock with a $767 price target.